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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?


To: Mark Marcellus who wrote (1136)1/3/2003 8:39:30 AM
From: sandintoes  Read Replies (1) | Respond to of 1170
 
This is what I've been saying all along, I much prefer Lowes to HD, even though HD is closer.

Home Depot Slows; Lowe's Grows

Forbes.com staff, 01.03.03, 7:32 AM ET
NEW YORK - America's home improvement sector is doing its own version of paint by numbers.

After the closing bell in the U.S. last night, giant retailer Home Depot (nyse: HD - news - people ) cut its earnings outlook for fiscal 2002. Its shares fell almost 8% in after-hours trade and are poised to head lower today.

Lowe's (nyse: LOW - news - people ) took advantage of its competitor's disclosure to hammer home a point about its own future, saying it expects earnings and sales for both the fourth quarter and full year to meet previous forecasts.

What gives? Home Depot, which had been pushing hardware as the perfect stocking stuffer, seems to have been nailed by the very weak holiday shopping season. Lowe's, meanwhile, is tinkering with its stores to make them appeal to women year-round. As we note in the cover story of our Jan. 20 issue, Lowe's has decided that, while men wear the tool belt, women are the real power behind the home improvement throne.

forbes.com



To: Mark Marcellus who wrote (1136)1/3/2003 10:18:49 AM
From: Bald Eagle  Read Replies (2) | Respond to of 1170
 
Maybe I should buy some Lowe's to hedge my bet.